More Rate Cuts to Come from the Bank of Israel?
The Bank of Israel will pare its benchmark interest rate only in the event that inflation or economic growth veer sharply off course, though low borrowing costs will be needed for “a while,” Governor Karnit Flug said. Because the interest rate is already “very accommodative,” further cuts would be considered unconventional monetary policy, Flug said in an interview in her Jerusalem office on Wednesday.
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